UPDATE: Pros Holdings (PRO) Reports Q1 EPS In-Line, Revenues Beat; Offers 2Q EPS/Revenue Guidacne Below Consensus
Pros Holdings (NYSE: PRO) reported Q1 EPS of ($0.23), in-line with the analyst estimate of ($0.23). Revenue for the quarter came in at $66.3 million versus the consensus estimate of $65.07 million.
- Subscription revenue of $43.2 million, up 40% year-over-year.
- Total revenue of $66.3 million, up 18% year-over-year.
“I’m so proud of how our team has kept their focus on supporting our customers and each other during these difficult times,” stated CEO Andres Reiner. “We’ve fully embraced the shift to operating virtually and delivered another strong revenue growth quarter as we help our customers and the industries we serve accelerate their move to digital selling.”
GUIDANCE:
Pros Holdings sees Q2 2020 EPS of ($0.22)-($0.20), versus the consensus of ($0.12). Pros Holdings sees Q2 2020 revenue of $60-61 million, versus the consensus of $67.39 million.
Based on information as of May 5, 2020, PROS currently anticipates the following based on an estimated 43.3 million basic weighted average shares outstanding and a 22% non-GAAP estimated tax rate for the second quarter ending June 30, 2020. Given uncertainties related to the ongoing COVID-19 pandemic and rapidly changing global economic environment, PROS is withdrawing its previously issued full year 2020 guidance provided February 6, 2020:
For earnings history and earnings-related data on Pros Holdings (PRO) click here.